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Protecting Consumers from Market Manipulation Act

USA116th CongressHR-5180| House 
| Updated: 11/19/2019
Jesús G. "Chuy" García

Jesús G. "Chuy" García

Democratic Representative

Illinois

Cosponsors (3)
Raúl M. Grijalva (Democratic)Sheila Jackson Lee (Democratic)Rashida Tlaib (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Protecting Consumers from Market Manipulation Act This bill prohibits large nonfinancial companies from engaging in financial activities that would result in producing the lower of (1) 5% of the company's revenue, or (2) $1,000,000,000 in revenue. The bill limits the types of investment activities banks are allowed to engage in, including certain merchant banking activities. The Financial Stability Oversight Council and the Federal Reserve must report on issues related to digital currency.
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Timeline
Nov 19, 2019
Introduced in House
Nov 19, 2019
Referred to the House Committee on Financial Services.
Nov 19, 2019
Sponsor introductory remarks on measure. (CR E1468)
  • November 19, 2019
    Introduced in House


  • November 19, 2019
    Referred to the House Committee on Financial Services.


  • November 19, 2019
    Sponsor introductory remarks on measure. (CR E1468)

Finance and Financial Sector

Administrative law and regulatory proceduresBanking and financial institutions regulationCongressional oversightCorporate finance and managementCurrencyDigital mediaFederal Reserve SystemGovernment studies and investigationsInternet and video servicesInternet, web applications, social mediaMonetary policy

Protecting Consumers from Market Manipulation Act

USA116th CongressHR-5180| House 
| Updated: 11/19/2019
Protecting Consumers from Market Manipulation Act This bill prohibits large nonfinancial companies from engaging in financial activities that would result in producing the lower of (1) 5% of the company's revenue, or (2) $1,000,000,000 in revenue. The bill limits the types of investment activities banks are allowed to engage in, including certain merchant banking activities. The Financial Stability Oversight Council and the Federal Reserve must report on issues related to digital currency.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 19, 2019
Introduced in House
Nov 19, 2019
Referred to the House Committee on Financial Services.
Nov 19, 2019
Sponsor introductory remarks on measure. (CR E1468)
  • November 19, 2019
    Introduced in House


  • November 19, 2019
    Referred to the House Committee on Financial Services.


  • November 19, 2019
    Sponsor introductory remarks on measure. (CR E1468)
Jesús G. "Chuy" García

Jesús G. "Chuy" García

Democratic Representative

Illinois

Cosponsors (3)
Raúl M. Grijalva (Democratic)Sheila Jackson Lee (Democratic)Rashida Tlaib (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBanking and financial institutions regulationCongressional oversightCorporate finance and managementCurrencyDigital mediaFederal Reserve SystemGovernment studies and investigationsInternet and video servicesInternet, web applications, social mediaMonetary policy